Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of AmeriCredit Corporation ("AmeriCredit" or the "Company") (NYSE:ACF) in connection with their efforts to sell AmeriCredit to General Motors ("GM"). If the transaction is completed, AmeriCredit shareholders will receive $24.50 in cash for each share of AmeriCredit stock they hold. The transaction is expected to close by the end of the fourth quarter of 2010.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of AmeriCredit undertook a fair process to obtain fair consideration for all shareholders of AmeriCredit. Specifically, our investigation concerns whether the Company's Board of Directors breached their fiduciary duties to AmeriCredit shareholders by failing to adequately shop the Company before entering into the transaction with GM. Notably, on April 15, 2010, just over three months ago, AmeriCredit's common stock price closed at $26.17, 6.8% higher than GM's bid. Additionally, at least one analyst has set a price target for AmeriCredit of $26.00 per share, $1.50 higher than the implied value of GM's offer.

If you are a shareholder of AmeriCredit, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please go to http://www.robbinsumeda.com.

Advertisement

Robbins Umeda LLP
Gregory E. Del Gaizo, 800-350-6003
info@robbinsumeda.com